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SBI to List Its Asset-Management Arm via IPO; SBI Funds Management to Offer 10% Stake
SBI and Amundi will offer 10% of SBI Funds Management via IPO in 2026, tapping India’s booming fund-industry listing wave.
On 6 November 2025, State Bank of India (SBI) announced its intent to sell a 6.3% stake in its subsidiary SBI Funds Management via an initial public offering, with co-promoter Amundi set to divest 3.7%, totalling 10% of equity. The asset-management firm, which manages around ₹120 billion ($1.37 billion) of assets, posted net profit growth of 15% in the first half of the fiscal year. The IPO is expected to take place in 2026 and forms part of India’s expanding primary-market activity.